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Foreign demand for Indonesian sovereign bonds has improved thanks to recent interest rate hikes from Bank Indonesia (BI), while the stock market is still in the doldrums.
9 hours agoLabor organizations argue that taxing old-age benefits (JHT) withdrawals undermines the purpose of the social security program, particularly as workers face mounting layoff risks and rising living costs.
13 hours agoThe KSPSI previously estimated that rising industrial gas costs could put roughly 55,000 workers at risk of layoffs.
14 hours agoOn the demand side, home sales fell by 25.7 percent year-on-year (yoy) in Q1, according to a Bank Indonesia survey.
16 hours agoThe yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the US rate outlook.
18 hours agoAsian stocks wobbled toward the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise.
19 hours agoIn its latest report titled “Indonesia Economic Prospects” published in June, the World Bank highlighted that the country’s decreasing medium- and high-skilled employment has further eroded the supply of jobs capable of supporting middle-class livelihoods.
23 hours agoWeak transparency in public institutions creates opportunities for mismanagement and corruption that could threaten Indonesia’s economic ambitions, unless the greater state role in the economy is matched by stronger oversight and accountability, antigraft groups have warned.
1 day agoVenture capital and private equity investments in China totaled $91.6 billion in the first five months of this year, jumping nearly 60 percent from a year earlier, according to ChinaVenture Investment Consulting.
5 days agoThe presidential regulation lays out a roadmap for ministries and regional governments to adopt AI from 2026 to 2029, targeting "economic growth through development, facilitation and use of AI especially in the president's priority programs."
1 week agoMonday's decision is Elon Musk's second legal loss against OpenAI in four weeks.
2 weeks agoCross-border QRIS payment system breaks barriers between Indonesia and China, as it seamlessly allows merchants and customers in both countries to be able to do transactions through UnionPay's cross-border payment network.
2 weeks agoOn the demand side, home sales fell by 25.7 percent year-on-year (yoy) in Q1, according to a Bank Indonesia survey.
16 hours agoCountries from Kenya to Indonesia and Bolivia have seen protests in recent weeks linked to energy price hikes and the rising cost of living.
2 days agoStrategic petroleum releases helped avert a sharper rise in oil prices as a result of the war in the Middle East, but the global economy faces significant downside risks if a fragile ceasefire between the US and Iran doesn't hold, IMF chief economist Pierre-Olivier Gourinchas said on Friday.
3 days agoThe maker of Lucky Strike and Dunhill cigarettes aims to save £600 million ($792 million) a year by 2028 in a restructuring that will affect around 20 percent of BAT's 47,000-member workforce, it said in a statement.
1 day agoVolkswagen is considering shutting four German factories and ramping up job cuts to as many as 100,000, two people familiar with the matter said on Friday, in what could be the biggest ever overhaul in the industry.
3 days agoSamsung Group will announce on Monday plans to invest 1,000 trillion won (US$647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday.
4 days agoThe yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the US rate outlook.
18 hours agoAsian stocks wobbled toward the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise.
19 hours agoAsian stocks wobbled on Monday after Iran and the United States agreed to halt renewed hostilities that had cast a shadow over an interim peace deal and kept oil prices supported, while the dollar stood tall near a one-year high on rate-hike bets.
1 day agoAn attack on a ship Thursday in the Strait of Hormuz led the UN to suspend efforts to evacuate trapped mariners as the United States warned against Iran charging fees for passage through the vital waterway.
4 days agoAsian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs.
5 days agoStock market volatility continued after a broad selloff of technology and semiconductor sectors dragged global shares lower, sparking safe-haven demand for the dollar and bonds.
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